Civic Intelligence

Olsa Lightning Inc

990EZ • Fiscal year 2014 • EIN 45-3152812

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 18, 2015

Organization Profileolsalightning.org
7954 S LatrobeBridgeview, IL 60455

(708) 422-9402

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.36x

Higher debt load relative to assets than 86% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

70th percentile

0.03x

Higher debt load relative to revenue than 70% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

40th percentile

-0.4%

Higher net margin than 40% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

85th percentile

$26,281

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 37.6% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets86th percentile

Assets

$4,994

No earlier filing loaded for comparison.

Net Assets

$3,179

No earlier filing loaded for comparison.

Liabilities

$1,815

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin40th percentile

Revenue

$69,922

No earlier filing loaded for comparison.

Expenses

$70,176

No earlier filing loaded for comparison.

Net Income

-$254

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15K$10K$5.0K$0-$5.0KAssets 2014: $4,994Liabilities 2014: $1,815Net Assets 2014: $3,1792014Assets 2015: $6,471Liabilities 2015: $1,616Net Assets 2015: $4,8552015Assets 2016: $11,667Liabilities 2016: $1,8352016Assets 2017: $10,744Liabilities 2017: $1,701Net Assets 2017: $9,0432017Assets 2018: $12,979Liabilities 2018: $3,837Net Assets 2018: $9,1422018Assets 2019: $0Liabilities 2019: $859Net Assets 2019: -$8592019

Highlighted filing

2014

Assets$4,994
Liabilities$1,815
Net Assets$3,179
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2014: $69,922Expenses 2014: $70,176Net Income 2014: -$2542014Revenue 2015: $78,433Expenses 2015: $76,757Net Income 2015: $1,6762015Revenue 2016: $73,930Expenses 2016: $68,953Net Income 2016: $4,9772016Revenue 2017: $86,057Expenses 2017: $86,846Net Income 2017: -$7892017Revenue 2018: $104,260Expenses 2018: $104,161Net Income 2018: $992018Revenue 2019: $69,578Expenses 2019: $79,579Net Income 2019: -$10,0012019

Highlighted filing

2014

Revenue$69,922
Expenses$70,176
Net Income-$254
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 18, 2015
Return Version
2014v5.0
Gross Receipts
$73,044
Mission and Program Overview

Mission

Education and personal development of children

Program Services

DescriptionGrantsExpenses
OLSA Lightning Inc was formed for the purpose of a year-round developmental and competitive age-group swimming program for youths ages five through eighteen. The mission of OLSA Lightning is to teach swim techniques at all levels-$24,723
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wally ForsytheCoaching DirectorPT$26,281-$26,281
Linda ForsythePresident-DirectorPT$0--
Robin JankiewiczVice President-DirectorPT$0--
Erin SheehanSecretary-DirectorPT$0--
Diane ErinTreasurer-DirectorPT$0--
Mike ErinMeet DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
OLSA Lightning Inc
EIN
45-3152812
Address
7954 S Latrobe, Bridgeview, IL 60455

Signing Officer

Name
Linda Forsythe
Title
President
Signed
2015-08-18
Discuss with paid preparer
Yes

Preparer

Firm
Richard Bock
Address
3590 Deerfield Rd, Riverwoods, IL 60015
Preparer
Richard Bock
Phone
8474205816
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

“Supplies 3,780”

Form 990-EZ, Part I, Line 16, Other Expenses

“Certification 135”

Form 990-EZ, Part I, Line 16, Other Expenses

“Fees 100”

Form 990-EZ, Part I, Line 16, Other Expenses

“IL use tax 306”

Form 990-EZ, Part I, Line 16, Other Expenses

“Advertising 1,019”

Form 990-EZ, Part I, Line 16, Other Expenses

“Program Expenses 24,723”

Form 990-EZ, Part I, Line 16, Other Expenses

“Taxes incurred before NFP status 562”

Form 990-EZ, Part II, Line 26, Liabilities

“Accounts Payable Beginning of year 0, End of year 698”

Form 990-EZ, Part II, Line 26, Liabilities

“Other Payables Beginning of year 1,078, End of year 1,045”

Form 990-EZ, Part II, Line 26, Liabilities

“FUTA payable Beginning of year 0, End of year 72”

Raw XML Appendix167 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
CompensationExplanation/CompensationExplanationGrp/PersonNm0Linda Forsythe
CompensationExplanation/CompensationExplanationGrp/PersonNm1Robin Jankiewicz
CompensationExplanation/CompensationExplanationGrp/PersonNm2Erin Sheehan
CompensationExplanation/CompensationExplanationGrp/PersonNm3Diane Erin
CompensationExplanation/CompensationExplanationGrp/PersonNm4Mike Erin
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt0Volunteer
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt1Volunteer
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt2Volunteer
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt3Volunteer
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt4Volunteer
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Linda Forsythe
IRS990EZ/BooksInCareOfDetail/PhoneNum07084229402
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 2411
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Bridgeview
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0604552411
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt04511
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt04994
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt0785
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-254
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0450
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt04511
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IRS990EZ/FundraisingGrossIncomeAmt08065
IRS990EZ/GrossProfitLossSlsOfInvntryAmt0395
IRS990EZ/GrossReceiptsAmt073044
IRS990EZ/GrossSalesOfInventoryAmt01180
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt03433
IRS990EZ/NetAssetsOrFundBalancesEOYAmt03179
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt03433
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt03179
IRS990EZ/OccupancyRentUtltsAndMaintAmt03000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5005.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt426281
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Linda Forsythe
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Robin Jankiewicz
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Erin Sheehan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Diane Erin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Wally Forsythe
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Mike Erin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President-Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President-Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary-Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer-Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Coaching Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Meet Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt030625
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Education and personal development of children
IRS990EZ/PrintingPublicationsPostageAmt01421
IRS990EZ/ProgramServiceRevenueAmt063799
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0OLSA Lightning Inc was formed for the purpose of a year-round developmental and competitive age-group swimming program for youths ages five through eighteen. The mission of OLSA Lightning is to teach swim techniques at all levels
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt024723
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt034680
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt02337
IRS990EZ/SpecialEventsNetIncomeLossAmt05728
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01078
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01815
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt070176
IRS990EZ/TotalProgramServiceExpensesAmt024723
IRS990EZ/TotalRevenueAmt069922
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0olsalightning.org
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt073044
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt073044
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt073044
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt073044
IRS990ScheduleA/Total509Grp/TotalAmt073044
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt073044
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt073044
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Supplies 3,780
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Certification 135
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Fees 100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IL use tax 306
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Advertising 1,019
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Program Expenses 24,723
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Taxes incurred before NFP status 562
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Accounts Payable Beginning of year 0, End of year 698
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Other Payables Beginning of year 1,078, End of year 1,045
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FUTA payable Beginning of year 0, End of year 72
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part II, Line 26, Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990-EZ, Part II, Line 26, Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990-EZ, Part II, Line 26, Liabilities
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Linda Forsythe
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLSA Lightning Inc
ReturnHeader/Filer/BusinessNameControlTxt0OLSA
ReturnHeader/Filer/EIN0453152812
ReturnHeader/Filer/USAddress/AddressLine1Txt07954 S Latrobe
ReturnHeader/Filer/USAddress/CityNm0Bridgeview
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060455
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Richard Bock
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03590 Deerfield Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Riverwoods
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060015
ReturnHeader/PreparerPersonGrp/PhoneNum08474205816
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Richard Bock
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-08-18T07:47:50-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,994
Liabilities
$1,815
Net assets
$3,179
Revenue
$69,922
Expenses
$70,176
Net income
-$254
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.01$0.70$0.80$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.13$0.04$0.09$1.04$1.04$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.11$0.02$0.09$0.86$0.87$0.01
2016Summary only. Only limited summary data is available for this year.$0.12$0.02$0.74$0.69$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.06$0.02$0.05$0.78$0.77$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.02$0.03$0.70$0.70$0.00